PensionsEurope welcomes the EC consultation which aims to remove obstacles to financial market integration across the EU. This effort is a key part of rolling out the savings and investments union (SIU) and pension funds as institutional investors highly welcome the initiative. In our answer, you can find our positions on the relevant questions for pension funds and the relevant service providers. We also addressed the part related to the governance and the powers of the ESAs, including EIOPA, to indicate that European Supervision for IORPs would be devastating for a large number of the IORPs, resulting in a huge cost increase and ultimately a reduction in pensions for members and beneficiaries.
PensionsEurope welcomes the EC consultation which aims to remove obstacles to financial market integration across the EU. This effort is a key part of rolling out the savings and investments union (SIU) and pension funds as institutional investors highly welcome the initiative. In our answer, you can find our positions on the relevant questions for pension funds and the relevant service providers. We also addressed the part related to the governance and the powers of the ESAs, including EIOPA, to indicate that European Supervision for IORPs would be devastating for a large number of the IORPs, resulting in a huge cost increase and ultimately a reduction in pensions for members and beneficiaries.
